When it comes to finding self-storage, the more really is the merrier: more storage businesses in your area means more unit options available, and more options mean a greater chance you'll be able to choose a unit that satisfies your storage needs. So does Raleigh offer plenty of options when it comes to different storage facilities?
According to the data on our facility network, there are 34 storage businesses operating in Raleigh, NC. How does that number compare to other communities? It's a full 24 facilities more than the average city in North Carolina, where there are an average 10 facilities in each city. It makes sense then that Raleigh is also the 5th largest in terms of facilities out of all 70 cities in North Carolina listed on our storage network, accounting for approximately 4.78% of self storage facilities listed in that state. But what about on a national scale? Even then, Raleigh has more storage facilities than the average city, 25 more than the average 9, to be exact.
'But what about self storage facilities per capita?', you might be thinking. Comparing Raleigh to other cities in North Carolina irrespective of population does, indeed, make little sense. Do the 34 self storage facilities in Raleigh offer the 405,612 people living there enough extra storage space? How does Raleigh compare to similarly-sized cities? Cities of similar size, as it turns out, offer more storage space than Raleigh does. The average number of facilities for a city in the 250,000 to 1,000,000 population bracket is 49, which is 15 more than can be found in Raleigh. Indeed, that Raleigh has relatively few storage facilities for its population is corroborated once more when we look at its per person facility count. For a city of 405,612, 34 self-storage facilities is not a high number at all: in fact, Raleigh only places in the 21st percentile for facilities per capita in United States cities, indicating a meager level of storage coverage. Even if we restrict our scope of comparison to the state level, Raleigh doesn't seem to offer its population as much storage space as other cities do, attaining a low rank in the 11th percentile for facilities per capita among cities in North Carolina.
Finally, it also seems that Raleigh is undergoing a high level of population growth. According to the US Census, Raleigh grew by 39.7% from 2000 to 2010, 21.2% more than the 18.5% growth North Carolina saw. On top of the demand generated by an influx of new inhabitants, low levels of facilities per capita could drive demand for a storage unit in Raleigh even higher.
If you do your comparison shopping for storage units a few months from now, you might be surprised to see that prices have changed. That's because the self storage market is highly seasonal. Storage seasonality is in synch with the moving seasons, which are at their highest in the late spring and summer, as a huge amount of storage demand is generated by people moving into new homes. The single busiest day of the high season is typically National Moving Day, also called 'Crazy Tuesday' by storage facility operators for the amount of activity they see that day, which is the day after Memorial Day. Seasonal prices are often even more extreme in college towns, where students book a large number of self storage units during their summer vacation.
Raleigh, according to our data, is virtually unaffected by seasonality relative to other cities, with lower highs and higher lows relative to what other cities experience. However, even though prices are less likely to change dramatically in Raleigh, locking in a rate for your entire stay often allows you to bargain the total price down. Shop for self storage in Raleigh during April to get the best price, when units go for an average of $58.86. Prices reach their highest in June, which at an average price of $95.3 a month you might want to avoid.
Much like real estate, self-storage prices can change drastically within the space of a few miles in Raleigh. The cheapest place for storage space in Raleigh is within the 27610 ZIP code. The average unit there goes for $80.82 a month. Units rent at the highest price in the 27607 ZIP code, where they average $103.69 a month.
Before you start your storage search in Raleigh, it's important that you know how much a unit in Raleigh typically costs. With the average rental rate varying widely from place to place, the only truly valuable comparison you can make is with other storage facilities in the area. But there's no reason to worry, as we've gone ahead and calculated all the necessary data so that you can begin your storage search with a firm knowledge of the local industry.
Self storage rental rates average $64.67 a month in Raleigh. For you long-term storage seekers out there, that's about $776.04 per year. Keep in mind though that prices for all unit sizes in Raleigh were included when calculating that figure, so comparing it any individual unit will do you little good. There often are substanial price gaps between the various unit sizes. In Raleigh you'll have the option of renting six standard storage unit sizes, such as 5x5, 5x10, 10x10, 10x15, and 10x20. In Raleigh, the average monthly rental rate for each standard size is:
|Storage Unit Size||Average Price in Raleigh, NC|
It's often true that certain areas in a city offer much lower storage rental rates than others. The more expansive your search, the more facilities you'll be able to compare, and the more options you'll have. The extra drive to the facility could very well be worth the monthly savings. Knowing whether or not you should look in nearby cities depends on whether or not self-storage (sometimes called mini storage or public self storage) in those cities is less expensive than in Raleigh. We've gone ahead and figured that out for you.
Raleigh's average price of $64.67 a month for a unit ranks it as the 27th most expensive city for self-storage in North Carolina, which itself ranks as the 29th most expensive state for storage. When searching for storage in Raleigh, expect to pay $0.85 more than North Carolina's average price of $63.82.
But average prices don't necessarily tell you how affordable storage is in a given city, as money goes further in some states than it does in others. To give you a better idea of affordability, we've created a 'relative price' scale that estimates how expensive storage is for median income earners in that state. The median income in North Carolina is $45,210.00, which means the average storage unit in Raleigh would require 1.72% of a median earner's monthly income. When we compare this storage price as a percent of the local median income to other cities in North Carolina, we find that it ranks in the 60th percentile, making it a moderately expensive place to rent storage.
If we measure according to the national scale and compare it to cities across the country, self-storage rates in Raleigh are still somewhat expensive, ranking at the 55th percentile in terms of relative expense. Nationwide, storage costs an average $72.15 a month. Expect to pay about $7.48 less than that for self storage in Raleigh.
Do you want to find a cut-price self storage unit in Raleigh, NC? Then start your search during April within the 27610 ZIP code. The worst month to look for storage is June, when unit prices are at their highest, and beware that the 27607 area is costlier than other areas.
Raleigh self storage typically costs between $45 and $169 a month. Storage is currently in stock.
If you’re considering buying/selling a home instead of renting, it’s crucial to find a storage unit that will last you through the purchase or sale process. Especially when, according to Zillow, Raleigh had an average home value of $200,000 which in the past year is up 0.056%.